7 months ago
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Virtusa Corporation, a Massachusetts-based merchandise and level engineering services firm, has connected Wednesday announced the acquisition of SmartSoC Solutions, a steadfast which offers Semiconductor engineering, integrated circuit (IC) plan services and automotive solutions. It did not disclose the size of the deal.
Bengaluru steadfast SmartSoC Solutions has implicit 1,400 engineers with expertise successful VLSI, carnal plan and embedded software.
According to a institution communique, this acquisition marks a pivotal infinitesimal for Virtusa and volition instantly grow its manufacture portfolio to see the high-growth semiconductor assemblage and completing its full-stack, end-to-end work capabilities, spanning the full integer exertion ecosystem from the spot to the network, cloud, and exertion layer.
The integration of SmartSoC, with its heavy expertise successful silicon design, verification, and embedded systems engineering, would position Virtusa to capitalise connected the secular request for precocious silicon driven by planetary integer transformation, it further said.
The acquisition would besides found Virtusa’s semiconductor engineering footprint successful India, successful summation to strengthening its planetary transportation capabilities by integrating SmartSoC’s engineering beingness crossed Bengaluru, Hubballi and Hyderabad.
Nitesh Banga, Chief Executive Officer of Virtusa, said “The acquisition of SmartSoC is transformational for Virtusa. It instantly establishes america arsenic a cardinal subordinate successful the high-growth semiconductor engineering space, completing our imaginativeness for a full-stack offering that tin service clients from the foundational silicon furniture each the mode done to the lawsuit application.’’
The existing enactment team, led by Chief Executive Officer Bharath Desareddy, would remain unchanged and proceed to oversee each transportation programs and lawsuit engagements. All existent task structures, contractual commitments and work agreements would proceed arsenic they are, arsenic per the communique.
Bharath Desareddy, Founder and Chief Executive Officer of SmartSoC Solutions, said, “Joining forces with Virtusa is an unthinkable accidental for the SmartSoC squad and our customers.’’
